Kroll Bond Rating Agency Assigns Long-Term Rating of AA to the TBTA’s Senior Lien General Revenue Bonds, Series 2017A and General Revenue Refunding Bonds, Series 2017B with Stable Outlook

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) has assigned a long-term rating of AA and a Stable Outlook to the Triborough Bridge and Tunnel Authority’s (TBTA or “the Authority”) senior lien General Revenue Bonds, Series 2017A and General Revenue Refunding Bonds, Series 2017B (“the Bonds”). The issuance of the Series A Bonds is expected to be approximately $300 million in fixed rate obligations. Subject to market conditions, Series 2017B may refund certain outstanding TBTA bonds. K